Reuters is reporting that the US Treasury Secretary Janet Yellen is reaching out to business and financial leaders to explain the "catastrophic" impact a US default on its debt would have on the U.S. and global economies, two sources familiar with the matter said on Monday.agency reports that the Treasury secretary is having one-on-one conversations with individual CEOs to warn them about the "dangerous consequences of the current brinkmanship," one of the sources said.
Unlike most other developed countries, the US puts a hard limit on how much it can borrow. Because the government spends more than it takes in, lawmakers must periodically raise the debt ceiling.´´The US Dollar is seen to be decelerating and ´´the structure is located at 101.332. To confirm a downside bias, the bears will need to see a break of there, currently, until at least a new structure is formed, potentially, higher up.
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